Equities research analysts at KLR Group initiated coverage on shares of Eclipse Resources Corp. (NYSE:ECR) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Eclipse Resources Corp. from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Tuesday, October 4th. Piper Jaffray Cos. raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a report on Tuesday, August 9th. GMP Securities initiated coverage on shares of Eclipse Resources Corp. in a report on Wednesday, September 28th. They issued a “buy” rating and a $7.00 price target for the company. Simmons raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and increased their price target for the company from $3.00 to $4.00 in a report on Tuesday, August 9th. Finally, Fundamental Research initiated coverage on shares of Eclipse Resources Corp. in a report on Monday, October 31st. They issued a “buy” rating and a $0.36 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.01.

Analyst Recommendations for Eclipse Resources Corp. (NYSE:ECR)

Eclipse Resources Corp. (NYSE:ECR) opened at 2.92 on Monday. The company’s 50-day moving average price is $2.99 and its 200-day moving average price is $3.16. The stock’s market cap is $760.93 million. Eclipse Resources Corp. has a one year low of $0.65 and a one year high of $4.42.

Eclipse Resources Corp. (NYSE:ECR) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.05. Eclipse Resources Corp. had a negative net margin of 439.73% and a negative return on equity of 39.50%. The company had revenue of $54.50 million for the quarter, compared to the consensus estimate of $57.81 million. During the same period last year, the company earned ($0.37) EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts forecast that Eclipse Resources Corp. will post ($0.31) EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Eclipse Resources Corp. by 11.2% in the third quarter. Rhumbline Advisers now owns 61,973 shares of the company’s stock worth $204,000 after buying an additional 6,225 shares during the period. California State Teachers Retirement System raised its position in shares of Eclipse Resources Corp. by 18.0% in the third quarter. California State Teachers Retirement System now owns 120,708 shares of the company’s stock worth $397,000 after buying an additional 18,400 shares during the period. BlackRock Investment Management LLC raised its position in shares of Eclipse Resources Corp. by 11.8% in the second quarter. BlackRock Investment Management LLC now owns 191,757 shares of the company’s stock worth $640,000 after buying an additional 20,306 shares during the period. BlackRock Inc. raised its position in shares of Eclipse Resources Corp. by 140.9% in the third quarter. BlackRock Inc. now owns 40,947 shares of the company’s stock worth $135,000 after buying an additional 23,947 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Eclipse Resources Corp. by 2.9% in the second quarter. BlackRock Fund Advisors now owns 1,156,297 shares of the company’s stock worth $3,862,000 after buying an additional 32,769 shares during the period. 34.53% of the stock is currently owned by institutional investors and hedge funds.

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About Eclipse Resources Corp.

Eclipse Resources Corporation (Eclipse) is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.

5 Day Chart for NYSE:ECR

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